Crown Point Energy Inc V.CWV

Alternate Symbol(s): CWVLF

Energy Oil & Gas E&P

Crown Point Energy Inc. is a Canada-based junior international oil and gas company. The Company is involved in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company’s projects include Cerro de Los Leones, Tierra del Fuego and Chanares Herrados. It has a 100% working interest in the 101,208-acre Cerro de Los Leones Exploration Concession located in the Neuquen Basin. It has a 34.74% non-operating working interest in the Rio Cullen, La Angostura, and Las Violetas Exploitation Concessions in the Austral Basin of Tierra del Fuego, representing a total of 489,000 gross acres (169,880 net acres). It has a 50% non-operating working interest in the Chanares Herrados Exploitation Concession in the Cuyano Basin, representing a total of 10,057 gross acres (5,029 net acres). The Company’s subsidiaries include CanAmericas (Argentina) Energy Ltd. and Crown Point Energia S.A.

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Crown Point Energy Inc

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Comment by SigmaKappaon Apr 14, 2014 8:58am

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Post# 22446690

RE:RE:Canaccord new target

I don't agree. Current production is about 1700 boe per day. Based on flowing metrics the current enterprise value is basically fair value. There is not much, if any value currently recognised in value for MV shale or other undeveloped land. As more money pours into Argentina the market discount for Argentina production will fade and flowing metrics will improve plus value for land won't be discounted either.

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